Newport Exploration Ltd V.NWX

and the monies keep coming in!!

[HHHAPPY]

Royalies from Australia continue to flow to the treasury of NWX so dividends to shareholders are properly funded.
"("Newport" or "the Company") is pleased to report the receipt of its after tax 2.5% Gross Overriding Royalty ("GOR") payment from Beach Energy Ltd. ("Beach") for the November 2020-January 2021 quarter. Gross royalty income for the quarter was AUD$2,568,598. The AUD$1,798,019 payment received by Newport is net of 30% Australian withholding taxes (AUD$770,57

Newport has approximately CDN$7.1 million in its Treasury, comprised of cash, cash equivalents and short-term investments, with no debt. As announced on February 10th, 2021, Newport's first quarterly dividend payment date for 2021 is March 12th, 2021. After the dividend payment, the Company will have approximately CDN$6 million in its Treasury.

The Company has a strong balance sheet and management is confident in its ability to maintain regular quarterly dividend payments as committed to in the News Release dated December 10th, 2019.

Newport's Dividend Performance, Annual Yields and Earnings Per Share since 2015 were documented in a Company News Release dated November 12th, 2020. Investors are cautioned that historical results are no guarantee of future performance.

Management Strategy

The Company's management Strategy was summarized in a Company News Release dated February 10th, 2021.

Newport proposes to maintain regular dividend payments to shareholders with the option of increasing quarterly payments at any time.

Guidance

Up-to-date Guidance for shareholders was reported in a Company News Release dated February 17th, 2021.

With the success of the drilling programs conducted by Beach over which the Company holds its 2.5% GOR, Beach's low cost of oil production and the projected Life of Assets of over 15 years (as reported in a Company News Release dated February 17th, 2021), the Company anticipates continuity of production, associated royalty revenues and dividends.

Newport has no control over operating decisions made by Beach. Accordingly, this prevents the Company from commenting on Beach's operating plans going forward. The Company recommends that shareholders and potential investors access material information relevant to the Company as released independently by Beach and Santos Ltd ("Santos") in order to keep current during exploration, development and potential production of all the licences subject to the Company's GOR. Beach's results and performance are also subject to regular research reports by J.P. Morgan (Asia Pacific Equity Research) and by RBC Capital Markets.

"Brent Oil recently hitting a 13-month high marks the oil markets rebound since the Covid pandemic destroyed demand for most of 2020. As the global economy recovers oil demand is expected to continue to increase, and along with Beach's plans to bring eight producers online and to drill six more horizontal wells, this is all very positive for Newport and its shareholders.", stated Ian Rozier, president and CEO of Newport.

About Newport

Newport holds a 2.5% GOR on several oil and gas licences and permits in the Cooper Basin in Australia. These permits are currently being operated and explored by Beach and Santos, both major Australian oil and gas producers. The Company receives its GOR from Beach which is not a reporting issuer in Canada, therefore Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 - Standards of Disclosure for Oil and Gas Activities, or other requirements of Canadian securities legislation.

The Company currently has 105,579,874 common shares issued and outstanding.

[Wildcattter]

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[Mork102]

Your math is off.4 cents annually on a 50 cent stock is 8% and don't forget that at year end the dividend might be 3 cents for the quarter instead of 1 cent also with the price of oil heading up this stock is a definite hold and possibly upgraded to accumulate

[wildcat2]

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